#AprilMarketOutlook ‍#Gate广场四月发帖挑战

Geopolitical easing signals support a positive outlook in the cryptocurrency market.
The leading cryptocurrency, Bitcoin, is trading at $68,946, while Ethereum is priced at $2,146. The total market capitalization of the cryptocurrency market is $2.37 trillion.
The cryptocurrency market started April strongly, with moderate signals from the geopolitical front being the main factor supporting risk appetite in global markets. Increased diplomatic messages suggesting a possible end to conflicts between the US and Iran are contributing to improved investor sentiment and paving the way for positive price movements in the markets. Statements from both sides indicating that tensions could be reduced in a controlled manner in the coming weeks are increasing expectations that uncertainties may partially decrease. On the macroeconomic data side, mixed signals are noteworthy. While consumer confidence in the US exceeding expectations supports optimism regarding economic activity, the observed weakness in labor market data indicates that risks on the employment side persist. The decline in job openings and the drop in hiring have revived expectations that the US Federal Reserve may adopt a more flexible monetary policy stance later in the year. Ahead of the critical non-farm payrolls data, investors are closely monitoring both macroeconomic signals and geopolitical developments.
Bitcoin is priced at $68,946, Ethereum at $2,146, XRP at $1.35, and Solana at $84.46. On March 31st, there was a net inflow of $118 million into Bitcoin ETFs and $31.17 million into Ethereum ETFs.
New Hampshire Corporation prepares to issue $100 million worth of Bitcoin-backed bonds.
FED official Barr warns about stablecoins: “Strong regulation is necessary”
Fed Board member Michael Barr called for strong regulation of stablecoins, stating that private currencies created without sufficient safeguards have a “long and problematic history.”
In a statement on Tuesday, Barr referred to the regulation known as the GENIUS Act. He stated that Congress's passage of the law last year could accelerate development in the sector, but highlighted the risks associated with tokens primarily pegged to the US dollar. Barr stated that the GENIUS Act provides a regulatory framework in some key areas, emphasizing that effective implementation is critical. He pointed to the need for regulatory and technological measures to prevent stablecoins from being used in illicit activities, adding that a lack of adequate oversight of issuers and reserves could lead to a risk of financial instability.
Barr stated that stablecoins can only be considered stable if they can be repaid quickly and reliably at their nominal value under varying market conditions, especially during periods of stress. He noted that issuers tend to maximize their returns, which can lead to increased risk in the management of collateral assets. He added that the quality and liquidity of reserve assets are critical for long-term sustainability.
(The last sentence is a repetition of the first paragraph and not directly related to Barr's statement.) "The Clarity Act is unlikely to pass this year"
The bill, known as the Clarity Act, which aims to regulate the structure of the crypto asset market, has failed to make progress in the US Senate, and Jaret Seiberg indicated that its chances of becoming law this year are low.
In a note published on Monday, Jaret Seiberg stated that the latest compromise proposal regarding stablecoin yields is insufficient to move the bill forward. This proposal prohibits companies from offering yields on idle stablecoin balances while allowing usage-based rewards. While senators are expected to release the final compromise text on stablecoin yields this week, it has been stated that the Banking Committee may consider the bill in the last two weeks of April. Seiberg said that senators still have time to reach a bipartisan compromise that can gain the support of the crypto sector and banks. However, he emphasized that the main timeframe for the legislative process is until Congress goes on recess in August.
Seiberg, noting that optimistic expectations have weakened, reported that Senator Mark Warner had lowered the probability of the bill passing from 80 percent to a 50-60 percent range. Seiberg assessed the probability of the Senate advancing a version of the Clarity Act that the House of Representatives could also approve as one-third. He stated that the most likely scenario is a step forward towards the end of July, before the August recess. Seiberg noted that the latest compromise proposal, supported by Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks, is not new, but this approach may not satisfy all parties.
Bitcoin is trading at $68,946 at the start of the new day. The price rising back above $68,500 indicates a strengthening recovery trend in the short-term technical outlook. This move, following the recent pullback, shows that buyers have re-entered the market and selling pressure remains limited. Technically, the 69,000-69,500 band is being watched as the first resistance zone. If this area is breached, the 70,000 and 71,000 levels may come into play. Sustained price action above $69,500 will be critical for the upward movement to gain momentum. In case of a downward move, the 68,000 level is the first support. A break below this level could test the 67,000 and 66,500 support levels. A sustained move below $67,000 could lead to a renewed indication of weakness in the short-term technical outlook. The overall picture indicates a recovery effort in Bitcoin, but the price remains near a critical resistance zone.
Ethereum is trading at $2,146 today. The price settling above $2,100 suggests that buyers are gaining strength and upward momentum is recovering in the short-term technical outlook. This move points to a more balanced price structure after the previous weak performance. Technically, the $2,150-$2,200 band stands out as the first resistance zone. If this area is breached, the $2,250 and $2,300 levels may come into play. Sustained price action above $2,200 will be crucial for the upward movement to gain momentum. On the downside, the $2,100 level is the first support. A break below this level could test the $2,050 and $2,000 support levels. A sustained move below $2,000 could lead to renewed selling pressure.
XRP is trading at around $1.35 today. The price rising back above $1.32 is seen as a signal of recovery in the short-term technical outlook. This move, following the recent pullback, indicates that buyers are regaining strength. Technically, the $1.36-$1.38 band is being monitored as the first resistance zone. If this level is breached, the $1.40 and $1.42 levels may come into play. Sustained price action above $1.38 will be critical for the upward movement to gain momentum. In case of a downward movement, the $1.32 level is the first support. A break below this level could test the $1.30 and $1.28 support levels. A sustained move below $1.28, in particular, could lead to renewed selling pressure.
‍$BTC $ETH $XRP